Oil prices soar to $139 per barrel.

Tuesday, March 8, 2022
Oil prices soar to $139 per barrel.

 Oil went up on March 7 to the highest level since 2008, reaching $139 per barrel after reports on the possible introduction of a US ban on its import from Russia. The United States and its allies in Europe are actively discussing the possibility of refusing to import Russian oil, Secretary of State Anthony Blinken told NBC. Even without its European allies, Washington may go ahead with the embargo, two sources told Bloomberg news agency. According to Representative Nancy Pelosi of the Lower House, the House of Representatives is studying the possibility of drafting a bill to ban Russian oil imports.

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